Please find enclosed disclosure of SCN Notice received from GST Department.

Regulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹65.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+1.0% vs market

Industrial Products peers, median of 106sector-0.7%+2.0% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 2.0 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+1.3+0.3+1.0-0.7+2.0

Next day

-6.6+0.8-7.4+0.3-6.9

-3.9+2.7-6.5+1.3-5.1

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-6.8+4.4-11.2+2.8-9.7

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-10.6+1.5-12.2-4.2-6.4

-11.8+3.3-15.1-0.5-11.3

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 106Pending

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AI summary

Harish Textile Engineers has received an intimation of liability under Section 73(5)/74(5) of the GST Act from the Commissioner of State Tax, Government of Gujarat, dated June 20, 2025. The notice alleges excess Input Tax Credit (ITC) availed and short payment of tax for FY 2021-22 based on returns filed in GSTR-3B, GSTR-1, GSTR-2A and E-way bills. The total demand including tax, interest and penalty is Rs. 86,209, a relatively small amount for the company. The company, on the advice of its tax advisors, plans to file an appropriate response within the prescribed timelines.

Likely market impact

The financial impact is minimal given the small demand size of Rs. 86,209. The notice is routine in nature and the company intends to contest it, so there is no material concern for shareholders at this stage.